During the signing of Memorandum of Understanding (MoU) between the ministry and the Bank of Industry (BoI) in Abuja., the Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, on Thursday said to promote rice and cassava production in Nigeria, the federal government has decided to establish 10 integrated rice mills and 6 Cassava processing plants.
He said that the ten beneficiary states where the 10 rice plants would be implemented will be Kebbi, Kaduna, Kano, Benue, Kogi, Bayelsa, Bauchi, Ogun, Anambra and Zamfara, each mill with a total capacity of 360,000 tonnes when become fully operational.
6 Cassava processing plants will be establish in Ondo, Ogun, Abia, Delta, Cross River and Nassarawa states, each with a total capacity of 72,000 tonnes.
Adesina said that it comes before government observation that the existing rice mills are not sufficient to provide rice for domestic needs hence there is a need to establish more rice mills.
Talking about the Cassava production in the country, he said that Cassava sector has shown wonderful development in country with each bag full of highest quality of cassava.
He said that the rice mills will be owned and driven by the private sectors, government will only access the mills in terms of finance and ensure them an working environment.
10 rice mills together will be able to provide country with 360,000 tonnes of rice and fro cassava there is a need to expand scale of operation and to process high quality cassava flour.
The Managing Director of BoI, Mr Rasheed Olaoluwa said that the bank will provide a loan of N13.6 billion to 16 private companies under MoU for rice and cassava processing.
Mr. Adesina said that the rice mills would reduce the imported rice in the country and hence will also create job opportunities for youth the generation of country.